true or false

31. Which of the following income atatement figures probably would be th best predictor of a corporation's future performance? a. Net Income b. Income from continuing operations C. Incone before extraordinary items d. Total revenues 32. Which of the following would have the least likelihood of being treated as an extraordinary item? a. Gain or loss from a tsunami b. Loss from a lawsuit c. Uninsured loss from tornado d. Gain or loss on sale of equipment 33. Which of the following is an inventory costing method? a. Perpetual b. Periodic c. Lower-of-cost-or-market d. Specific identification 4. Which of the tollowing does not attect Retained Earnings? a. Stock split b. Net Income c. Cash dividend d. Stock dividend 5. How are cash equivalents treated on a statement of cash flows? a. They are disclosed in the investing activities section b. They are disclosed in the operating activities section. c. They are disclosed in the financing activities section. d. They are combined with the Cash account